Alameda Contra-Costa Hires Core Fixed Income, Private Equity Manager

The Alameda Contra-Costa Transit District has approved the selection of Core Fixed Income manager, Income Research + Management (IR+M), and Private Equity manager, 50 South Advisors, at their July 2 board meeting. 

A $120 million allocation was approved for the new Core Fixed Income manager, IR+M. Baird and Longfellows were also considered for the search. 

$20 million was allocated to the new PE manager, 50 South Advisors. Mesirow Private Equity was also considered. 

The $1 billion pension fund’s consultant, NEPC, assisted with the new investments.

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